Category Archives: Evesham

Accounting tax advice for family businesses in Gloucestershire

HMRC has just updated it’s tax advice for family businesses employing offspring. Gloucestershire’s ESB Accountancy summarises the HMRC tax advise for paying family members is that payments needs to be systematic, recorded, and contemporaneous. Formality is the best approach – think about payment by bank transfer so figures tie in exactly, use payslips and record […]

New 2018 Accounting Tax Rates in Gloucestershire

New HMRC 2018 Tax Rates in Gloucestershire by ESB Accountancy come into effect this month. 2018 Personal allowance tax rates The personal allowance increases to £11,850 for the 2018/19 tax year. As for 2017/18, the personal allowance is reduced by £1 for every £2 by which adjusted net income exceeds £100,000. This means that anyone […]

What will MTD mean for Glos VAT registered businesses?

ESB Accountancy takes a look at what digital records will be acceptable under MTD for VAT for Gloucestershire businesses. A new draft VAT Notice 700/21 has been published by HMRC giving guidance on what records must be kept digitally within ‘functional compatible software’ in order to comply with the requirements of Making tax Digital (MTD) […]

Tax Accounting Rules for Employers in Glos

ESB Accountancy outlines some Tax Rules for Employers in Cheltenham, Gloucestershire. Same tax rules for all The same rules now apply to tax expenses and benefits regardless of how much the employee earns and whether he or she is a director. The old £8,500 threshold was abolished from 6 April 2016. Since that date, employees who […]

Self Assessment Tax Deadline looms on 31st January

The Self Assessment Tax Deadline looms on 31st January 2018- only 15 days away! 2018 Tax Deadlines: 31 January – for any tax you owe for the previous tax year (known as a balancing payment) and your first payment on account. 31 July for your second payment on account. If you prefer to pay regularly throughout […]

Cheltenham Bookkeepers and Accountants ESB wishes you a Merry Christmas

Cheltenham Bookkeepers and Accountants ESB wishes you a Merry Christmas and a Happy New Year Cheltenham and Gloucester bookkeepers and accountants ESB wishes you a Merry Christmas and a Happy and Prosperous New Year for 2018. So if you would like some help with your bookkeeping and accounting calculations for your organisation from someone with […]

Small Business Tax Planning in Gloucestershire

Small Business Tax Planning in Gloucestershire by ESB Accountancy Taxation is moving to a digital age in Glos. Under the Government’s Making Tax Digital strategy, most businesses will be required to keep track of their tax affairs digitally and to update HMRC at least quarterly. To comply with your requirements in the new digital age, […]

New NI termination payments tax rules

The rules on the tax and National Insurance (NI) treatment of termination payments is changing from 6 April 2018 ESB Accountancy explains. Gloucestershire accounting and bookkeeping experts ESB Accountancy explains that payments made on the termination of an employment are treated differently depending on whether the payment is a payment of earnings, such as normal […]

Dividend Allowances for Company Directors explained

The new tax rules for dividend allowances for Company Directors in 2018 is explained by ESB Accountancy. The current regime for taxing dividends has been in place since 6 April 2016. Under the rules, all taxpayers, regardless of the rate at which they pay tax, are eligible for a ‘dividend allowance’. Although termed an ‘allowance’, in […]

Business Services Costs rise in Gloucestershire

The costs for business services rose in Gloucestershire over the summer. According to the Office for National Statistics (ONS) the whole economy Index of Labour Costs per Hour (ILCH), seasonally adjusted, increased by 1.4% in Quarter 2 (Apr to June) of 2017, compared with Quarter 2 2016 and recorded 0.9% growth compared with the previous […]

Glos business services accounts grow

Gloucestershire (Glos) business services accounts grow to record levels. Demand for business services in Gloucestershire is still growing according to the Office of National Statistics (ONS) as local employment is at record levels. Cheltenham Business Services According to the ONS there were 465 men and 250 women looking for work in Cheltenham at the latest […]

Bookkeeping and Accountancy Services Demand at Record levels

Demand for bookkeeping, accountancy and business services are at record levels. According to the Office for National Statistics’ latest research the UK unemployment rate fell to 4.4% in the 3 months to June 2017 – the lowest it has been since 1975. The employment rate reached a new record high of 75.1% and the inactivity […]